CAN GST INCREASE COMPETITIVENESS?

About Seminar
Political and economic wisdom finally placed GST (goods and services tax) in the Indian constitution after overcoming fundamental problems posed by the federal structure of governance. It is wise men’s understanding that the indirect tax reforms through GST would become a prime enabler to increase competitiveness of the business and the nation for accelerating economic growth. The present cascading effects of multiple indirect taxes at each stage in the supply chain make Indian goods less competitive.

The value added tax structure of GST can do away with many such competitive disadvantages and enhance government revenue. While GST council has to recommend maximum rate of GST, the states are interested to have upper ceiling of 22-24% or even more in order to recover revenue losses. As GST would create a common market, and it being destination based, companies can face new dimension of competition and challenges, which can be overcome by strategic cost management through innovation.

This seminar is looking for an answer to the question, what would be its impact on economic growth and on the general public, once GST is in place. The format of the seminar is as below: